 | John Torrey Morse (Jr.) - Banking law - 1870 - 600 pages
...such association actually paid in : Provided, That the discount of bona f1de bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC.... | |
 | United States. Department of Justice - Attorneys general's opinions - 1909 - 732 pages
...such liabilities shall in no event exceed thirty per centum of the capital stock of the association. But the discount of bills of exchange drawn in good...same, shall not be considered as money borrowed." Section 5202, Revised Statutes, enacts : " No association shall at any time be indebted, or in any... | |
 | William Adams Richardson - History - 1873 - 192 pages
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC.... | |
 | Ohio - Session laws - 1873 - 622 pages
...stock of such association actually paid in : Provided, that the discount of bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, company or firm negotiating the same, shall not be considered as money borrowed.... | |
 | William Adams Richardson - History - 1873 - 208 pages
...such association actually paid in: Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same, shall not be considered as money borrowed. SEC.... | |
 | GOVERNMENT PRINTING OFFICE - 1874 - 1076 pages
...association actually paid in: J'rovidfd, Tbat the. discount of Ъопч-fäe bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or lirm negotiating the same, shall not be considered as money borrowed. That... | |
 | United States - Law - 1917 - 706 pages
...bank or trust company, but the discount of bills of exchange drawn against actually existing value and the discount of commercial or business paper actually...person negotiating the same shall not be considered as borrowed money within the meaning of this section. r.,» req ,р^е pecierai reserve bank, as a condition... | |
 | William Lyman Fawcett - Finance - 1876 - 300 pages
...time exceed one-tenth part of the amount of the capital stock of such association actually paid in. But the discount of bills of exchange drawn in good...the same, shall not be considered as money borrowed. (SEC. 5201.) No association shall make any loan or discount on the security of the shares of its own... | |
 | United States. Department of the Treasury - Finance, Public - 1918 - 836 pages
...cent of the capital and surplus under section 5200, United States Revised Statutes, does not apply to "bills of exchange drawn in good faith against actually...actually owned by the person negotiating the same. " It is suggested that the aggrgate liability of any person, company, corporation, or firm on loans... | |
 | John Russell Hussey - United States - 1876 - 562 pages
...such association actually paid in : Provided, That the discount of bona fide bills of exchange drawn against actually existing values, and the discount...commercial or business paper actually owned by the person or persons, corporation, or firm negotiating the same shall not be considered as money borrowed. SEC.... | |
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But the discount of bills of exchange drawn in good faith against actually existing values, and the discount of commercial or business paper actually owned by the person negotiating the same, shall not be considered as money borrowed. 
